HJP Lakes Financial Solutions, LLC

Providing a gift of stock can make sense if handled properly. Read more.

A Gift of Stock - Information is key when using this tax planning strategy Providing a gift of stock (or other property) to a friend or loved one can be a powerful tax planning tool. However, it is not without its complications.

One thing Iʼve learned working with families over the years: during difficult
moments, the stress often comes from not knowing where things are, what needs
to be done, or who has access to important information.
That's why I'm excited to share that Transamerica and Empathy are now
working together to better serve clients.
Certain plans have access to some really valuable benefits designed to help
families: ✓ organize important documents ✓ plan ahead ✓ securely store key
information ✓ make future moments a little easier on loved ones
Send me a message if you'd like to learn more.

Send a message to learn more

A few years ago, I met someone who proudly told me, "I have over $700,000 saved for retirement."

I congratulated them and then asked one simple question:

"That's wonderful. How much monthly income will that provide for the rest of your life?"

They paused.

"I... honestly don't know."

That conversation reminded me that many people spend decades building their retirement savings, but never discover what those savings can actually do for them.

Your retirement isn't funded by an account balance.

It's funded by the income that account can generate month after month, year after year.

A retirement strategy should answer questions like:
✔️ Will my income last as long as I do?
✔️ How will inflation affect my lifestyle?
✔️ What impact will taxes have on my retirement?
✔️ Can I leave something behind for my family?

Don't wait until retirement to ask these questions.

Know your retirement income number before you need it.

📅 If you'd like a complimentary Retirement Income Analysis, send me a message or comment "RETIRE" below.

Rita Lakes, CLTC®, RSSA®, CFEd®
Helping individuals and families build retirement income strategies with confidence.

Send a message to learn more

Pass-through entities such as S corporations and certain partnerships offer legal protections and avoid double taxation. Does it make sense for your business?

Understanding Tax Terms: Pass-through Entities - What everyone should know Given the popularity of this business format, it continues to drive tax policy. Here is what you need to know.

A Retirement Miracle

💰 Did You Know Your Social Security Benefits Could Be Taxable?

Many retirees are surprised to learn that Social Security benefits aren't always tax-free.

Depending on your total retirement income, up to 85% of your Social Security benefits may be taxable. The IRS considers your income from sources such as:
✅ Traditional IRA withdrawals
✅ 401(k) distributions
✅ Pension income
✅ Other taxable income

The good news? With proactive retirement income planning, you may be able to reduce taxes, better coordinate your withdrawals, and potentially keep more of your retirement income.

Retirement isn't just about saving money—it's about creating a tax-efficient income strategy.

If you're approaching retirement or already receiving Social Security, let's discuss how your benefits fit into your overall retirement plan.

📞 Rita Lakes
Licensed Financial Professional | RSSA® | Accountant & Tax Professional
404-667-6946

💼 Money is Your Employee.

What job is your money doing today?

Too often, we work hard for our paycheck, but our paycheck isn't working for us.

Every dollar should have a purpose:
✅ Build an emergency fund
✅ Grow your retirement savings
✅ Reduce taxes when possible
✅ Protect your family
✅ Create future income

The difference between simply earning money and building wealth often comes down to one thing—your money habits.

💡 Remember: Money is your employee. Give every dollar a job.

If you're wondering whether your current financial strategy is helping you reach your goals, let's have a conversation.

📩 Send me a message to schedule a complimentary financial strategy session.

Earning the CAS (Advisory Services) credential

The ensure you're ready for an audit, tax returns should be kept indefinitely and supporting documents should be kept a minimum of three years.

Toss This. Not That. 2025 Edition - Your guide to post tax-filing record retention After filing your tax return, do not close the book on your taxes until you have set up next year's files, purged unneeded old records, and prepared your records in case of an audit. Here are some tips.

When it comes to your financial future, every decision matters.

It's not just about how much you save—it's also about where you save it.

Did you know your money can fall into one of three tax buckets?

💰 Tax Now – You pay taxes as your money grows.
⏳ Tax Later – You defer taxes until you withdraw the money.
✅ Tax-Advantaged – Your money may grow with valuable tax benefits, depending on the account and applicable tax rules.

The right strategy can help you:
✔ Keep more of what you earn
✔ Reduce unnecessary taxes
✔ Build a more tax-efficient retirement
✔ Create a stronger financial future for yourself and your family

Financial planning isn't only for retirement—it's for every stage of life. Whether you're just starting your career, raising a family, growing a business, or preparing to retire, understanding how taxes affect your money is an important part of building wealth.

📅 Let's talk. Schedule a complimentary Financial Strategy Review to learn how these concepts may apply to your personal financial situation.